Mr. Peter Born reports

BEDFORD METALS ANNOUNCES DEBT SETTLEMENT

Bedford Metals Corp. will conduct a non-brokered private placement of convertible debentures units at a price of $1,000 per debenture unit to raise gross proceeds of up to $500,000.

Each Debenture Unit will consist of: (i) one unsecured convertible debenture (each, a "Convertible Debenture") in the principal amount of $1,000 maturing sixty months (the "Maturity Date") from the closing of the Offering; and (ii) 9,090 detachable common share purchase warrants of the Company (each, a "Warrant"). Each Convertible Debenture will bear interest at a rate of eight percent per annum, payable upon the Maturity Date. Each Warrant will entitle the holder purchase one common share of the Company at a price of $0.11 for a period of sixty months from the closing of the Offering. The principal amount of the Convertible Debentures will be convertible into common shares of the Company (each, a "Conversion Share"), at the option of the holder, at a rate of one Conversion Share for every $0.11 of outstanding indebtedness.

The proceeds of the Offering will be utilized by the Company for general working capital purposes and to complete planned work at its wholly-owned Margurete gold project, located at Phillips Arms in southwestern British Columbia. In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Company.

All securities issued in connection with the Offering will be subject to a statutory hold period for four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.